Soyewo Leave a comment and share Chuks Udo Okonta Former President, Chief Olusegun Obasanjo has joined other well-wishers in congratulating Prince (Dr) Feyisayo Soyewo, past President of the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Olori Omo Oba of Ago-Iwoye on his 70th birthday. In a letter of […]
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NAICOM eyes states involvement in new MDRI regime
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is rejigging the Market Development and Restructuring Initiatives (MDRI) to make room for agencies of states to be involved in the system. The Commissioner for Insurance, Sunday Thomas, said this in a chat with […]
Damage from riots across the US may cost insurance companies more than $1 billion
*Even though the costs are already high, the losses could be significantly more with the coming election season… by Franz Walker via Natural News (Natural News) The damage from riots sparked by the police killing of George Floyd may end up being the most expensive in U.S. history, costing insurance […]
Recapitalisation for micro insurance firms coming
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is nursing the idea to raise the operating capital for micro insurance business, Inspenonline can report. The Commissioner for Insurance, Sunday Thomas, alluded to this fact in an interview with NAIPCO Trumpet a journal published by […]
CIIN opens entries for October 2020 professional examination today
Leave a comment and share Chuks Udo Okonta Entries are invited online at www.ciinigeria.com for interested persons within and outside insurance industry for October 2020 professional examination of the institute from today September 18, 2020 to October 18, 2020, the Chartered Insurance Institute of Nigeria (CIIN), has said. It stated […]
Insurance broker accused of stealing Sh11.8m Sanlam premiums
An insurance broker has been charged with stealing, for withholding Sanlam Insurance premiums meant for reinsurance at Waica, Continental, Ghana and CICA Reinsurance companies. Cecilia Bridgit Rague, CEO of Underwriting Africa Insurance Brokers was charged with stealing over Sh11.8 million in December 6, 2019 at NCBA Westlands Nairobi jointly with […]
AIICO partners NGO to feed 300 underprivileged families
AIICO staff distributing to people in the community Leave a comment and share Chuks Udo Okonta MD/CEO, Babatunde Fajemirokun AIICO Insurance Plc, in partnership with We Stand Foundation, recently organised a Feeding Relief Programme to cater to the needs of underprivileged people in Lagos. Three hundred (300) families within the […]
NAICOM to bar insurers with outstanding claims from scaling recapitalisation hurdles
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is going to factor in all outstanding claims before adjudging any insurance company to have attained the recapitalisation requirements, the Commissioner for Insurance, Sunday Thomas. Has said. He said this in an interview with NAIPCO Trumpet a […]
Significant COVID-19 impact on marine insurance
IUMI president Richard Turner By Ranamita Chakraborty The uncertainty stemming from the coronavirus pandemic has significantly affected the global insurance industry and, inevitably, that has impacted the marine sector, according to IUMI president Richard Turner. Mr Turner was speaking during a keynote address to the International Union of Marine Insurance […]
Insurance policyholders win Covid-19 UK high court test case
UK holders of business interruption insurance have won a “significant” victory in a high court test case to determine whether the coronavirus pandemic should trigger payouts under their policies. Lawyers acting for the financial conduct authority (FCA) , which brought the case on behalf of the policyholders, said the judges […]
